Renovated Loft Office
For Lease
Contact for pricing
311 SW Water St, Peoria, IL 61602
Second-floor office suite with private offices, conference room, open work area, and tenant-controlled HVAC.
Property Size2,565 SF
Days on Market1068
Property Features for 311 SW Water St
General Information
Standard status
Active
Size
2,565 SF
Property subtype
OFFICE
Amenities
tenant controlled HVAC
free 2 hour parking across the street
Building Details
Stories
4
Construction
exposed brick and timber
Tenancy
Multi
Listing Agency:
Joseph & Camper Commercial
(309) 643-0717
Listed By:
Will Hayes · License #475122056
(309) 643-0717
Source:
Moodyscre
Added: Aug 28, 2023
Changed: Jul 25
Last Checked: Jul 30 at 1:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Joseph & Camper Commercial
Investment Insights
Based on property information with market context.
311 SW Water St is a renovated loft-style building with exposed brick and timber, high ceilings, and multiple floors of office and loft space. RC Outfitters occupies the first floor, while the second floor features office space; Units 204 and 206 are available for office use.
Unit 206 is a 2,565 SF second-floor office suite currently configured with two private offices, a conference room, and an open area for work stations, with tenant-controlled HVAC in place. Unit 204 provides three private offices with an open front area for a total of 991 SF. The spaces can be combined to create 3,556 SF of office area.
The building is adjacent to the Peoria Riverfront Museum & Caterpillar Visitor’s Center and is located in the heart of the Warehouse District, with free 2-hour parking available across the street.
Unit 206 is a 2,565 SF second-floor office suite currently configured with two private offices, a conference room, and an open area for work stations, with tenant-controlled HVAC in place. Unit 204 provides three private offices with an open front area for a total of 991 SF. The spaces can be combined to create 3,556 SF of office area.
The building is adjacent to the Peoria Riverfront Museum & Caterpillar Visitor’s Center and is located in the heart of the Warehouse District, with free 2-hour parking available across the street.
Key Highlights
- Second‑floor Unit 206: 2,565 SF office suite with two private offices, conference room, and open work‑station area
- Available October 1, 2023; currently occupied by a marketing firm
- Tenant‑controlled HVAC
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.88 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 61602, IL
1,198
Population
813
Households
1.5
Avg Household Size
39
Median Age
37%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$17,273
Median Household Income
$34,082
Median Earnings
$912
Median Rent
$222,700
Median Home Value
Market
Lease Benchmarks for Peoria, IL
$21.87 /SF/Yr
Avg Asking Price
$7–$107 /SF/Yr
Price Range
10,509 SF
Avg Space Size
This space is priced 43% below the average of $21.87 /SF/Yr.
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office suite with private offices, conference room, open work area, and tenant-controlled HVAC.
Where is this office units located?
The property is located at 311 SW Water St Peoria, IL.
What is the lease rate?
The lease rate is $12.50 SF/Yr.
What are key features of this property?
This property features: Second‑floor Unit 206: 2,565 SF office suite with two private offices, conference room, and open work‑station area; Available October 1, 2023; currently occupied by a marketing firm; Tenant‑controlled HVAC
